Ripple Labs just dropped a major bombshell in its legal war with the SEC — claiming that fungible crypto assets like XRP, when traded in secondary markets, are not securities. 💥
In a powerful legal rebuttal, Ripple argued that once tokens hit the open market, they lose any direct link to Ripple itself — and don’t pass the Howey Test, the legal benchmark for identifying securities. 📉➡️📈 These aren’t investment contracts, Ripple insists — they’re simply digital assets moving freely in the market. 🔄
💼 Ripple’s stance aligns with recent crypto-friendly court decisions, signaling a growing pushback against the SEC’s aggressive stance. If the court agrees, it could protect secondary crypto trades from burdensome regulation — a huge win for the entire crypto industry. 🛡️🚀
But if the SEC gets its way, expect stricter crackdowns and wider uncertainty across the market. ⚠️ The stakes are sky-high, and the future of crypto regulation could be decided here. 👀
